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A Little Higher Ahead Of Payrolls

US TSYS SUMMARY

Treasuries have moved a little higher in Europe after sideways Asia-Pac trade. Data is the focus of Friday's holiday-shortened session.

  • The 2-Yr yield is up 0.3bps at 0.2554%, 5-Yr is down 0.3bps at 0.8894%, 10-Yr is down 1.5bps at 1.4424%, and 30-Yr is down 1.9bps at 2.0417%.
  • Sep 10-Yr futures (TY) up 7.5/32 at 132-16, just through Thursday's highs (L: 132-09.5 / H: 132-16).
  • 0830ET brings the June employment report (we'll re-publish our preview shortly, plus some sell-side synopses) and May trade balance, then at 1000ET we get May final durable goods/factory orders.
  • Note SIFMA has recommended a 1400ET close for cash Tsys ahead of the Independence Day weekend. CME floor closes at 1300ET. Markets closed Monday 5th.
  • No supply or NY Fed operational purchases, and no Fed speakers scheduled.

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